FINANCE AND INVESTMENTS

XENOPHOBIA:DEMAND COMPENSATION FOR NIGERIANS KILLED IN S’AFRICA – LAGOS ASSEMBLY CHARGES FG

Assembly has demanded that the South African government be made to pay compensation to victims of the latest xenophobic attacks in the country.The lawmakers said this during parliamentary sitting where many condemned the incident and called on the Nigerian government to further prove its will by supporting its citizens abroad. Tunde Braimoh, raised the issue under …

RECAPITALISATION DEBACLE: WHY MOST DISCOS MAY CLOSE SHOP

If there is one sure way most observers of the current political dispensation would want to assess President Muhammadu Buhari’s success or otherwise at the end of the next four years as Commander InChief of the Nigerian nation, perhaps its fledgling power sector could readily fill the log. But as if it understands this urgency of …

FOOD IMPORT BAN: YOU’RE ON YOUR OWN, EXPERTS TELL BUHARI, WARN AGAINST EXECUTIVE RECKLESSNESS

“Don’t give a cent to anybody to import food into the country. Foreign reserve will be conserved and utilized strictly for diversification of the economy, and not for encouraging more dependence on foreign food imports bills”, this was the instruction of President Muhammadu Buhari to the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, last …

FG SETS UP COMMITTEES ON REVENUE SHARING FORMULA, EXPAND REVENUE BASE

The Federal Government has constituted 12 committees to review the present revenue sharing formula of the federation as well as ways to expand the revenue base of the nation. Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr. Elias Mbas made the disclosure,  yesterday, in Abuja at the inauguration of chairmen and members of the Committees. …

FARMERS CALL FOR REVIEW OF ANCHOR BORROWERS LOANS

Farmers in Borno are calling for a review of the Federal Government’s Anchor Borrowers’ agricultural loan programme to ensure that its goal to encourage domestic food production is fulfilled. An agro-allied entrepreneur and leading anchor implementing partner in Borno State, Alhaji Abba Kale, told Daily Sun in an interview in Maiduguri that the Anchor Borrowers Programme (ABP) launched by President …

FG PLANS REVIEW OF REVENUE SHARING FORMULA

The Federal Government said it will set up a committee in the coming week to review the revenue sharing formula for Federal, states and local governments due to current economic realities. Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr. Elias Mbam disclosed this to newsmen in Abuja on yesterday, shortly after he received an Award …

Presidential panel storms NNPC, probe alleged underpayments, TSA breaches

In a sustained effort to check graft and plug leakages in government institutions, the Special Presidential Investigative Panel for the Recovery of Public Property, chaired by Mr Okoi Obono-Obla, visited the management of the Nigerian National Petroleum Corporation (NNPC), where it requested for illumination into perceived dark areas like alleged underpayments, secret accounts and other …